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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income Accounts payable decreased by $ 52,000 18,000 Accounts receivable increased by 25,000 5,000 Depreciation expense 30,000 Inventories increased by Net cash provided by operating activities was: Multiple Choice $34,000. $60,000. Cash flows from the payment of taxes is reported in the statement of cash flows as part of: Multiple Choice Operating activities. Financing activities. Investing activities. Noncash investing and financing activities. Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities of $28,000; net cash used in investing activities of $10,000 and net cash used in financing activities of $12,000. If the beginning cash balance is $5,000, what is the ending cash balance? Multiple Choice $55,000. $45,000. $31,000. $6,000. A company's transactions with its creditors to borrow money and/or to repay the principal amounts of long-term debt are reported as cash flows from: Multiple Choice Operating activities. Investing activities. Financing activities. Direct activities. When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following is subtracted from net income? Multiple Choice Decrease in income taxes payable. Depreciation expense. Loss on sale of plant assets. Decrease in accounts receivable

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